Analysts Set Floor & Decor Holdings, Inc. (NYSE:FND) Target Price at $82.84

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $82.8421.

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. TD Cowen raised their price objective on Floor & Decor from $77.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Evercore ISI lowered their price objective on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Stifel Nicolaus reduced their target price on Floor & Decor from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Finally, UBS Group decreased their price target on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st.

Hedge Funds Weigh In On Floor & Decor

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new stake in shares of Floor & Decor during the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Floor & Decor in the fourth quarter valued at about $41,000. State of Wyoming purchased a new stake in shares of Floor & Decor during the 2nd quarter valued at about $46,000. Finally, Steph & Co. acquired a new position in Floor & Decor during the 3rd quarter worth approximately $48,000.

Floor & Decor Stock Down 3.6%

FND opened at $65.79 on Friday. The firm has a market cap of $7.09 billion, a P/E ratio of 32.90, a PEG ratio of 2.55 and a beta of 1.74. The business’s fifty day simple moving average is $66.32 and its 200 day simple moving average is $72.27. Floor & Decor has a 52 week low of $55.11 and a 52 week high of $104.89. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm earned $0.48 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.